Compass completes Turkish acquisition

13th Jul 2011 16:30

The world's largest caterer, Compass, has completed the acquisition of the remaining shares in its Turkish joint venture Sofra.In May Compass group announced it had agreed to acquire the remaining 50% of the issued share capital which it did not already own in Sofra subject to the go-ahead from Turkey's anti-trust board.In an anouncement to the London Stock Exchange, Compass confirmed that the necessary clearance has been received and the acquisition of the Istanbul-based food and support-service was complete.